Total amount raised
$221M
Latest funding date
2025-03-26
Location
Country Delight has successfully raised funding over 16 rounds, with notable investors including Temasek Holdings and Alteria Capital. The company has also made investments, such as in Fitelo during a Seed Round.
Keep reading to explore the intricacies of Country Delight's fundraising journey and the investors backing this innovative platform.
Country Delight has raised over $221 million across multiple funding rounds, backed by prominent investors including Temasek Holdings, Venturi Partners, Elevation Capital, and Alteria Capital.
Keep reading to explore Country Delight's full fundraising journey, key backers, and what the future holds for this D2C dairy and fresh food brand.
What Is Country Delight?
Country Delight is a Gurugram-based direct-to-consumer (D2C) dairy and fresh food brand founded by Chakradhar Gade and Nitin Kaushal. It delivers farm-fresh milk, dairy products, and daily essentials directly to customers' doorsteps, eliminating middlemen to ensure quality and freshness. The company leverages technology to manage its supply chain from farm to consumer and has expanded its product range beyond milk to include eggs, bread, fruits, and vegetables.
How Much Funding Has Country Delight Raised?
- Seed / Early Rounds (2015–2018)
- Amount Raised: Approx. $2.6M across multiple seed rounds (Jan 2016: ~$630K; Nov 2017: ~$470K; Mar 2018: ~$1.5M)
- Date: 2015–March 2018
- Lead Investors: Orios Venture Partners
- Participants: Undisclosed angels and early-stage investors
- Series B (February 2019)
- Amount Raised: USD 10,000,000 (~INR 70 Cr)
- Date: February 2019
- Lead Investors: Matrix Partners India (Z47)
- Participants: Orios Venture Partners, IFMR Capital
- Series B Extension (February 2020)
- Amount Raised: USD 6,500,000
- Date: February 2020
- Lead Investors: Undisclosed
- Participants: Undisclosed
- Series C (November 2020)
- Amount Raised: USD 25,000,000
- Date: November 2020
- Lead Investors: Elevation Capital
- Participants: Matrix Partners India (Z47), Orios Venture Partners, SiO Capital, IIFL Asset Management
- Debt / Series C Extension (July 2021)
- Amount Raised: USD 5,920,000
- Date: July 2021
- Lead Investors: Alteria Capital
- Series D – Tranche I (March 2022)
- Amount Raised: USD 65,000,000
- Date: March 2022
- Lead Investors: Venturi Partners
- Participants: IIFL Asset Management, Elevation Capital, Orios Venture Partners, Matrix Partners India
- Series D – Tranche II (May 2022)
- Amount Raised: USD 43,000,000
- Date: May 2022
- Lead Investors: Venturi Partners, Temasek Holdings
- Participants: SWC Global, Trifecta Capital, IIFL Asset Management, Elevation Capital, Orios Venture Partners, Matrix Partners India
- Series E – Tranche I (January 2024)
- Amount Raised: USD 20,000,000 (~INR 165 Cr)
- Date: January 2024
- Lead Investors: Temasek Holdings
- Participants: Seviora Capital, Venturi Partners
- Series E – Tranche II / Debt (May 2024)
- Amount Raised: USD 9,000,000 (~INR 76 Cr, mix of debt and equity)
- Date: May 2024
- Lead Investors: Alteria Capital
- Venture Debt – Tranche III (August 2024)
- Amount Raised: USD 8,350,000 (~INR 70 Cr)
- Date: August 2024
- Lead Investors: Alteria Capital
- Venture Debt – Tranche IV (October 2024)
- Amount Raised: USD 23,800,000 (~INR 200 Cr)
- Date: October 2024
- Lead Investors: Alteria Capital
- Series E – Tranche III (March 2025)
- Amount Raised: USD 25,000,000 (~INR 212.5 Cr)
- Date: March 27, 2025
- Lead Investors: V-Sciences Investments Pte Ltd (Temasek)
Total Amount Raised: At least $221M based on disclosed funding.
Key Investors
- Temasek Holdings / V-Sciences Investments
- Details: Singapore-based global investment company Temasek (through subsidiaries including V-Sciences Investments, Seviora Capital, and Seviora T3F) has been one of Country Delight's most consistent investors, leading the January 2024 Series E round and the March 2025 Series E tranche.
- Venturi Partners
- Details: Singapore-based consumer-focused growth equity fund that co-led the $108M Series D alongside Temasek in 2022 and participated in the January 2024 Series E.
- Elevation Capital
- Details: One of India's leading venture capital firms (formerly SAIF Partners), Elevation Capital led the $25M Series C in November 2020 and continued as a participant in the Series D rounds.
- Alteria Capital
- Details: India's leading venture debt fund. Alteria Capital has provided multiple debt tranches to Country Delight across 2021, 2024, including the landmark INR 200 Cr ($23.8M) venture debt round in October 2024.
- Orios Venture Partners
- Details: Early-stage Indian VC firm and one of the earliest backers of Country Delight, participating from the seed stages through to the Series D. It was the company's largest VC shareholder at one point with ~23% stake.
- Matrix Partners India (Z47)
- Details: Led the $10M Series B in February 2019 and continued as an investor through subsequent rounds including the Series D.
What's Next for Country Delight?
Country Delight is well-positioned to continue its growth trajectory in the competitive D2C food and dairy market in India. With its latest Series E funding from Temasek-backed V-Sciences Investments, the company plans to expand its product offerings and geographic footprint. As Country Delight inches closer to unicorn status, investors will be watching to see if it can sustain its growth and achieve profitability in the near term.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data. Sign up for free today.
